Our pension system

The Netherlands has a robust pension system based on the General Old Age Pensions Act (Aow). Furthermore, 90% of workers have additional pension provisions through their work and there are individual pension schemes. The system is held in high regard throughout the world, but it is also under pressure. Lifespans increase, and markedly lower interest rates and a high degree of volatility on the capital markets are resulting in reduced returns on investment. It is becoming increasingly difficult to guarantee a pension over the long term.

Moreover, the job market is changing dramatically and adaptations to the system are being subjected to comprehensive scrutiny. Debate in society is a protracted process entailing a variety of visions, interested parties and external influences. The result will depend on such factors as politics, but would seem to be moving towards increased austerity and more individual pensions. PwC constitutes an important link within the compass of these developments and it goes without saying that we will be keeping our customers informed. Would you like to know what we can offer you? Don't hesitate to get in touch.

Our pension system
Accounting Consolidate

Produce accounting disclosures seamlessly for one plan or a hundred plans with Accounting Consolidate

Companies with employee benefit plans are required to include its pension liabilities in their annual financial statements. For multinationals, this can be a very challenging task, as it means data collection, liability calculation and decision-making for across different types of plan and different jurisdictions. 

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“It is now an accepted fact that the pension system needs to change. How and at what pace will depend on various external factors, however."

Wim Koeleman, PwC


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Contact us

Wim Koeleman

Wim Koeleman

Partner, PwC Netherlands

Tel: +31 (0)88 792 63 40

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